Western Alliance Bancorp Q3 2023 Earnings Call Summary - Thomson StreetEvents

Western Alliance Bancorp Q3 2023 Earnings Call Summary

Western Alliance Bancorp Q3 2023 Earnings Call Summary - Thomson StreetEvents
Western Alliance Bancorp Q3 2023 Earnings Call Summary
Published Oct 20, 2023
23 pages (12235 words) — Published Oct 20, 2023
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About This Report

  
Abstract:

Edited Brief of WAL.N earnings conference call or presentation 20-Oct-23 4:00pm GMT

  
Brief Excerpt:

...A. As a result, our CET1 capital has grown from 8.7% a year ago to 10.6% today. B. Our HFI loan-to-deposit ratio has improved from 94% to 91%. C. To provide enhanced protection to depositors and cement the stability of our deposit base, insured and collateralized deposits have risen from 47% at year-end to 82%. D. In order to fortify our liquidity position, we have materially increased our cash and investment securities and now have $3.2 billion of high-quality liquid asset treasuries. E. This has led to net interest margin growing from our second quarter trough as we have sustained improvement in our funding structure, lowered our adjusted efficiency and produced above peer return on average assets and return on average tangible common equity. F. Over the next 1 to 2 quarters, we will complete the optimization of our funding structure and be well positioned to deploy excess core deposits into loan growth. G. Core commercial clients, both new and existing, were the primary sources contributing...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Western Alliance Bancorp
Ticker
WAL.N
Time
4:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Robert Andrew Terrell - Stephens Inc., Research Division - Analyst : Just one quick one for me. I wanted to ask on Page 11 of the presentation, the earnings at risk disclosure that you provide. In the down 100 scenario, the up 2.2% for earnings there, can you talk about just your comfortability with that level? Is that where you would like the company to holistically be at? Or any changes you'd like to make to that position? And then can you also talk about what the underlying mortgage assumptions are in the down 100 scenario from a gain on sale margin and volume perspective?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : I want to just follow-up to make sure I was following the warehouse commentary correctly and just kind of piece it together from last quarter. So I think you were up $3 billion in July during the last conference call, and it looks like you ended up $1.6 billion for this quarter. And so it came down at the end of the quarter, and then we're expecting another $2 billion of potential runoff from there in the fourth quarter just on a seasonal and a low point. Am I following that math correctly, Dale?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Got it. Okay. I appreciate the clarification. And then I wanted to just ask on the spot loan yields. I think if I remember in the slide correctly, it was 6.99% on the spot rate for the yield, which I guess I wanted to relate that to the residential portfolio to kind of get towards that spot yield. It implies that you have to get more expansion in that residential yield. And so how should we be thinking about residential loan yields going forward?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Yes. It just cut out there for a minute. I guess, that makes sense. It's just that the loan yields jumped up a bit this quarter on the resi book, and that kind of caught me by surprise.

Table Of Contents

Western Alliance Bancorp Q3 2024 Earnings Call Summary – 2024-10-18 – US$ 54.00 – Edited Brief of WAL.N earnings conference call or presentation 18-Oct-24 4:00pm GMT

Western Alliance Bancorp Q3 2024 Earnings Call Transcript – 2024-10-18 – US$ 54.00 – Edited Transcript of WAL.N earnings conference call or presentation 18-Oct-24 4:00pm GMT

Western Alliance Bancorp at BancAnalysts Association Of Boston Conference Summary – 2023-11-02 – US$ 54.00 – Edited Brief of WAL.N presentation 2-Nov-23 7:50pm GMT

Western Alliance Bancorp at BancAnalysts Association Of Boston Conference Transcript – 2023-11-02 – US$ 54.00 – Edited Transcript of WAL.N presentation 2-Nov-23 7:50pm GMT

Western Alliance Bancorp Q3 2023 Earnings Call Transcript – 2023-10-20 – US$ 54.00 – Edited Transcript of WAL.N earnings conference call or presentation 20-Oct-23 4:00pm GMT

Western Alliance Bancorp Q2 2023 Earnings Call Summary – 2023-07-19 – US$ 54.00 – Edited Brief of WAL.N earnings conference call or presentation 19-Jul-23 4:00pm GMT

Western Alliance Bancorp Q2 2023 Earnings Call Transcript – 2023-07-19 – US$ 54.00 – Edited Transcript of WAL.N earnings conference call or presentation 19-Jul-23 4:00pm GMT

Western Alliance Bancorp Q1 2023 Earnings Call Transcript – 2023-04-19 – US$ 54.00 – Edited Transcript of WAL.N earnings conference call or presentation 19-Apr-23 4:00pm GMT

Western Alliance Bancorp Q4 2022 Earnings Call Summary – 2023-01-25 – US$ 54.00 – Edited Brief of WAL.N earnings conference call or presentation 25-Jan-23 5:00pm GMT

Western Alliance Bancorp Q4 2022 Earnings Call Transcript – 2023-01-25 – US$ 54.00 – Edited Transcript of WAL.N earnings conference call or presentation 25-Jan-23 5:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Western Alliance Bancorp Q3 2023 Earnings Call Summary" Oct 20, 2023. Alacra Store. May 21, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Western-Alliance-Bancorp-Earnings-Call-B15771945>
  
APA:
Thomson StreetEvents. (2023). Western Alliance Bancorp Q3 2023 Earnings Call Summary Oct 20, 2023. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Western-Alliance-Bancorp-Earnings-Call-B15771945>
  
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